Automotive Lead Acid Batteries Market

Automotive Lead Acid Batteries Market Size (2023 to 2028)

The global automotive lead acid batteries market is expected to be valued at USD 46.08 billion in 2023 and is anticipated to reach a valuation of USD 61.32 billion by 2028 and is projected to grow at a CAGR of 5.88%, between 2023to2028.

Automotive Lead Acid Batteries have been the most common mode of energy storage for the past hundred years. They are utilized in car, desk-bound, and deep cycle programs. Lead-acid batteries have been the dominant battery technology in the car market. Despite the emergence of new technology, its dominance will remain untouched in the years yet to come due to its low value and extended lifespan. It is easily the most effective mode within the automotive vicinity because of its extremely good overall performance.

MARKET GROWTH:

The growth of this market is stimulated via a variety of things, which encompass growing vehicle manufacturing as a consequence of a promising automobile income outlook in developing economies, growing production of hybrid and electric powered cars, developing automobile electrification, studies and development collaborations, and solid car manufacturing. Low maintenance and developing adoption of superior car technology, in addition, contribute to the growth of the market. Key inclinations found within the international automobile lead acid battery marketplace encompass enhancements in the lead acid battery era and prolonged-term delivery contracts between battery vendors and car OEMs.

Manufacturers are also centered on developing high-quality car lead acid batteries adhering to guidelines and OEM particular necessities. Some of the automobile lead acid battery vendors have long-term providers’ contracts with OEMs with regard to the development of vehicle lead acid batteries.

 REPORT COVERAGE:

This market research report on the global automotive lead acid batteries market is segmented and sub-segmented into the following categories

Automotive Lead Acid Batteries Market -  By Type:

• Flooded Batteries
• Enhanced Flooded Batteries          
• VRLA Batteries

Automotive Lead Acid Batteries Market - By  Product:

• SLI Batteries
• Micro Hybrid Batteries

Automotive Lead Acid Batteries Market -  By Application:

• Passenger Car       
• LCVs/HCVs             
• Two Wheeler        
• Three Wheeles

Automotive Lead Acid Batteries Market - By Customers:

• OEM
• Aftermarket

Automotive Lead Acid Batteries Market – By Region:

The Global Automotive Lead Acid Batteries Market Report includes the segmentation of regions:

• North America - U.S, Canada
• Europe – Norway, Germany, Sweden
• Asia Pacific- China, India, Japan
• Latin America – Brazil, Mexico, Argentina
• Middle East and Africa

Asia-Pacific led the worldwide vehicle lead acid batteries marketplace in 2017. The automotive lead acid batteries marketplace in Asia-Pacific is projected to witness the highest growth over the coming years. Growing demand for the market to fulfill the needs of the increasing populace in Asia-Pacific is predicted to provide major growth prospects.

MARKET KEY PLAYERS:

Some of the major players in the automotive lead acid batteries market are C&D Technologies, Inc., CSB Battery Co., Ltd, Hitachi Chemical Energy Technology Co. Ltd., East Penn Manufacturing Company, Enersys Inc., Exide Industries Ltd., Exide Technologies Inc., GS Yuasa Corporation, Johnson Controls Inc. are playing a dominant role global automotive lead acid batteries market.